There just isn't any problem out there at the moment.
IO is just flip flopping around as it has been for the last year and Copper has resumed its uptrend.
All that's happened is analysts and the media are having their annual "Australia will burn" parade with this stock dump over the top. Usually, the annual parade coincides with a meaningful drop in the IO price, this year they are doing it even when the commodity is doing nothing!
Iron ore price, page-52887
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Last
$18.23 |
Change
0.090(0.50%) |
Mkt cap ! $55.94B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.31 | $18.02 | $82.92M | 4.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7416 | $18.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.24 | 3220 | 14 |
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| Last trade - 14.34pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |